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See how verdicts work6-bedroom terraced house · NE33 4HF
No longer listedReduced £20k (−13.3%) on 9 AugListed 331 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity for investors and developers to explore the possibilities of this large terraced property.
Held on one freehold title and addressed as 72 and 74 Chichester Road, a ground floor two bedroom flat with inter connecting door to the upstairs, no 74 which is a 3-4 bedroom maisonette which currently has one room let.
Not licensed as an HMO but lending itself to this or indeed conversion back to two independent dwellings (subject to planning), the property comes with gas central heating, double glazing and has been re roofed at some point in the past.
Viewing strictly by appointment. 72 Chichester Road A ground floor two bedroom flat with a large kitchen and bathroom extension.
There is access through from the hall into no 74 Chichester Road which is on the same title and classed as 72-74 Chichester Road Entrance Hall Via a PVCu front door and with the inner door through to no 74 Living Room/Dining Room To the rear with a period fire surround and a radiator Kitchen Diner A great sized kitchen diner with a range of wall and base units housing a sink unit, gas hob, oven and filter hood over.
Bathroom Three piece suite with a bath, wash basin and WC, radiator Bedroom/Lounge Bay window and radiator.
There are double doors from this room to the living room Bedroom Radiator External Yard 74 Chichester Road A first and second floor maisonette with it's own front door and interconnecting door with the lower flat no 72.
There has been a long term tenant in one of the bedrooms.
First Floor Entrance hall leads to stairs to the first floor with return stairs to the second floor Kitchen A fitted kitchen of a good size with wall and base units housing a sink unit.
There is a rear hall to a bedroom and shower room Shower Room A shower enclosure, wash basin and WC Bedroom Radiator Bedroom Bay window and a radiator Bedroom Radiator Second Floor Landing Bedroom/Living Space A great attic room which can double as living space or bedroom space and comes with a shower enclosure and rear dormer window External Shared yard Note Freehold title, Council Tax Band A, Mains Services Connected, Flood Risks very low.
Broadband Basic 17 Mbps, Ultrafast 1000 Mbps. Satellite/Fibre Tv Availability BT, Sky and Virgin. Mobile Coverage O2 likely, Vodafone, EE and Three limited.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 72 & 74, Chichester Road, South Shields
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